Japan's revitalization plan, dubbed the 'three arrows of Abenomics,' devises a three-pronged strategy-combining fiscal, monetary, and structural policies-to overcome that country's apparent inability to sustain economic recovery. This book is the first comprehensive assessment of Abenomics and the reforms needed to make it a success, including aggressive monetary easing, growth-friendly fiscal consolidation, and structural and financial sector reforms.

Jerald SchiffParts of the section on “What Went Wrong” are based on “From Deflation to Reflation: Japan’s New Monetary Policy Framework, Effectiveness, and Broad Lessons,” Speech by David Lipton, First Deputy Managing Director of the IMF, at the 2014 BoJ-IMES Conference on Monetary Policy in a Post-Financial Crisis Era, Tokyo, May 28.

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